Max Dividends portfolio: month 6 - week 1. Goal $12,000 monthly for 120 months
Monthly Dividends $295.52 | Yield on cost 5.15% | Stocks purchased today 👀
MaxDividends Mission: Help & Support Everyone on the way Retire Early and Live off Dividends
Every Friday, I share with MaxDividends Members my weekly buys in real-time to show my journey toward living off dividends. I focus on high-yield and dividend growth companies to build a solid and growing passive income stream. My goal is $12,000 a month over the next 120 months, and anyone can start doing the same.
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Markets
U.S. and European stocks show resilience, driven by better-than-expected U.S. job data and fluctuating energy prices. Here's how it unfolded
U.S. Markets: Small Gains, Big Impact from Jobs Data
In the U.S., major indices posted modest gains.
The Dow Jones rose by 0.1%, closing at 42,196.52, while the S&P 500 barely budged, inching up by just 0.01% to settle at 5,709.54.
The Nasdaq showed a similar small rise, advancing 0.1% to finish at 17,925.12.
The positive momentum was fueled by a stronger-than-expected ADP jobs report, which showed that the private sector added 143,000 jobs in September, beating the estimated 128,000.
This data provided some relief to markets, even as uncertainty over the Fed's next rate cut persists. Traders remain focused on upcoming economic reports to gauge if further easing of monetary policy will occur in November.
Oil Prices Steady After Inventory Rise
On the commodities front, oil prices remained relatively stable after a significant inventory build. U.S. commercial crude inventories rose by 3.9 million barrels, capping any major surge in oil prices for the day.
However, energy stocks still managed to climb slightly, with the Energy Select Sector SPDR (XLE) rising 1%, driven by ongoing concerns over supply issues and geopolitical tensions in the Middle East.
European Markets: Mixed Performance Amid Inflation Concerns
In Europe, markets were a bit more volatile. Inflation continued to be a major talking point, with September data showing that Euro-area inflation dropped to 1.8%.
This dip is prompting expectations of an ECB rate cut as early as this month. The FTSE 100 gained 0.25%, closing at 7,470, while the DAX in Germany saw a slight dip of 0.1%, driven by investor caution over the next steps from the ECB.
European bond yields fell as a result of the lower inflation data, with German 10-year yields easing as investors shifted into bonds, expecting the ECB to act soon.
Max Dividends Portfolio Updates
This week, I made my regular stock purchases for my dividend portfolios. The total amount invested in my dividend portfolios was around ~$170,000.
In September, I received my first significant dividends and reinvested the funds today by purchasing more shares. My dividend income increased by $802 from last week, going from $9,869 to $10,671.
Each week, I add to my dividend portfolios, choosing reliable companies that increase dividends over time and grow in value. This way, I benefit from capital appreciation and a constantly growing passive income.
Here’s a breakdown of the stocks I bought today, my plan, and the latest updates on my portfolios.
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